SAS seeing a 105% growth in AI revenue is no mistake, says IDC

SAS Institute is successfully differentiating itself from tech giants like IBM and Google when it comes to the development of artificial intelligence, according to one of IDC's research leaders The analytics vendor has invested heavily in its AI business and research and development in the past year, and IDC data suggests the investment is paying off. SAS's AI business has seen year-over-year growth at a rate nearly four times that of the overall market, which saw a growth rate of roughly 27 per cent. While a couple of other companies listed in the study had slightly higher growth rates than SAS's 104.6 per cent, none of those companies had higher revenues overall. Warren Shiau, who serves as a research vice-president at IDC Canada, spoke with IT World Canada about the topic and said he believes SAS's big customers, which includes Lockheed Martin, Royal Bank of Scotland, and Honda, have been demonstrated how practical its AI capabilities can be for day-to-day business operations. Shiau specifically cited manufacturing as an example, where AI can be used in conjunction with cognitive capabilities for such procedures such as production lines monitoring and quality control.